Debt Doctor please check my I&E

taib0

Hi Debt Doctor, Hi Guys, as you know my wife and I are due in court next week 6th Sept. Having spent the last few days tweaking our I&E can you see any areas where it may let me down. All the income,fuel and business outgoings have been taken from my audited accounts compiled by my accountant.

Monthly outgoings

Mortgage 995
Housekeeping 430 (family of 4)
Gas/Electric 80
Water 39
Telephone (incl mobiles) 60
Clothing 80 (family of 4)
Council Tax 102
Mortgage protection 53.88
Home Insurance 43.81
Life Insurance (me) 23.40
Life Insurance (wife) 18.33
Taxi Insurance x2 235
Taxi Road Tax x2 19
Taxi Badge/Licence/Tests 25
Repairs/maintenance x2 25
Fuel (Diesel) x2 350
Taxi Radio Rent 476
AA Breakdown Cover 12
TV Licence 10.95
Dentist (Family Plan) 34.50
Opticians 10.00
Haircuts 20.00
Holiday Allowance 70.00
Pet Food (2 cats) 40.00
Accountants Fee's 58.00
Annual Tax Bill 50.00

Total £3360.87


Income

My Takings 2500
Wifes Takings (part time) 450
Child Benefit 120
Child Tax Credits 411

Total £3481.00



Sorry its so long winded but I am frightened to death :eek::eek: of submitting it and ending up with the dreaded IPA. What do you think guys ???

Thanks, Taib0

Lizzibuff

Have you thought of adding car servicing?

Also 25 for repairs for two cars could poss be increased??? and what about budgeting for house repairs/maintainence.

I'm by no means an expert, just few things ive picked up whilst doing my i&e.

all the best - good luck.

Lizzibuff

also debt doctor told me that child benefit and child tax credits are not taken into account for your ipa.

so you should be fine as you need to consistently have 100.00 a month spare!

taib0

Hi Lizziebuff,

I know I have missed some small stuff off but I don't want the OR thinking I'm up to no good and deliberately trying to dodge an IPA. Having said that my figures have come from my books which have been done professionally by a firm of accountants. Unless the OR is prepared to question my books and my accountants figures I don't really know what else I can do. As you can see from my I&E I am miles away from the spare £100 required to be eligible for an IPA I just hope the OR agrees and doesn't nail me unexpectedly.

Thanks, Taib0

debt_doctor

Thanks lizzibuff, good to see your spreading the good word !

Looking at the statement, you could raise your housekeeping to £ 525.00

raise hol fund to £ 80.00

Scrap the dentist and opticians, and cut the cat food in half ( sorry cats ! )

All a bit academic really with neither child ben or child tax credit going in to the calculation.

Best wishes

taib0

Hi Debt Doctor,

Thanks again for all your help I am just relieved you haven't found anything major. Even with the changes you suggested I am still miles away from the dreaded £100 a month spare....thank god.

Thanks again to you all,

Taib0